Global crypto exchange LBank will grant top Korean university talent access to internship programs, conferences, fundraising events and incubators for Web3 startups.

Why this matters: Innovation within the blockchain industry often goes hand in hand with education. Major cryptocurrency exchanges are rushing to build long-lasting partnerships with educational powerhouses to reach future innovators.

Driving the news: Seoul-based Chung-Ang University signed a memorandum of understanding (MoU) on blockchain cooperation with global crypto exchange LBank on Jan. 13.

• The university and exchange see the agreement as a mutually beneficial way to foster promising startup teams and promote technological innovation within the nascent Web3 ecosystem.
• “We will collaborate with LBank in various fields to carry out more efficient business exchanges,” Go Joong-hyeok, head of the Link Project Group (LINC 3.0) at Chung-Ang University, tells the Korean digital news site. daily.
• “When a company at the forefront of the blockchain industry and various research institutions partner, various explorations into creative business models will be possible,” says Jang Hang-bae, director of Blockchain Research Center at Blockchain. Chung Ang University.

Go deeper: LBank Labs, the investment arm of the global exchange, holds over 50 million USDT for blockchain and Web3 companies.

• Czhang Lin, a prominent member of the board of directors of Labs, the investment arm of LBank, attended the signing ceremony in Seoul.
• “We plan to collaborate with Chung-Ang University to plan seminars and conferences on the Web3 industry. In addition, we will provide various training programs to nurture future talents,” Lin shared.
• According to Lin, the partnership with the Korean university will not be the last cooperation between the global crypto player and public education departments. “Things are progressing quickly. I am looking forward to the next opportunity”, she concludes.